Replies to post #170492 on Good Vibrations Shoes Inc (GVSI)

[Hi_Lo]

[Hi_Lo]

As far as GVSI is concerned, the missing audited financials from 2008 - 2013 makes GVSI a dirty shell.

https://bradshawlawgroup.com/reverse-mergers-a-basic-primer/

Conducting effective due diligence on the shell company is essential, as merging with a “dirty” shell (i.e., a shell whose management failed to follow proper SEC reporting procedures) could prove fatal for the private company.[13] In searching for “clean” shells, private companies should consider the shell’s number of stockholders, reporting record, and how and where it is listed.[14]

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Sharp already said he abandoned getting GVSI audited, SEC registered and reporting.

I had hope to start $GVSI as an SEC reporter, but after over a year of having two accounting firms work on it & discussions with the SEC, I begrudgingly agreed that I would not be able to get the books audited. https://t.co/tOP9FImksT

— George Sharp - Advocate for truth in the OTC (@GeorgeASharp) February 7, 2023

Our attorneys & auditors have concluded that it is impossible to audit $GVSI due to past corporate mismanagement of records/actions. Therefore, we are abandoning efforts to become an SEC reporter & are preparing an application for OTCIQ access to be filed with OTCM within 60 days

— American Blockchain Corporation (@OTCpinkGVSI) June 30, 2022

This is just one of the many reasons (along with FINRA's Notice of Deficiency and the SEC restriction on its corporate actions) that GVSI is having problems getting the SEC/FINRA approval of it's corporate actions.

Now Sharp is kicking the can down the road once again saying he will file a Form 10 in 2025 when he already has two years of financials he can audit.

Sharp thinks his investors are morons. He might be right.